RCS - ad pepper media Intl - ad pepper acquires majority stake in solute Hldgs
24/04/2025 11:15
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RNS Number : 0529G ad pepper media International N.V. 24 April 2025
ad pepper media International N.V.
(https://www.eqs-news.com/de/company/ad-pepper-media-international-n-v/news/5b7b4c2b-ea7c-11e8-902f-2c44fd856d8c)
ad pepper media International N.V. acquires majority stake in solute Holding
GmbH & Co. KG
Ad-hoc | 24 April 2025 10:21
ad pepper media International N.V. / Key word(s): Investment
ad pepper media International N.V. acquires majority stake in solute Holding
GmbH & Co. KG
24-Apr-2025 / 10:21 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by EQS News - a service of EQS Group.
The issuer is solely responsible for the content of this announcement.
Nuremberg, Amsterdam, 24 April 2025
ad pepper media International N.V. (ISIN: NL0000238145), Nuremberg, Amsterdam,
("ad pepper") and four shareholders of solute Holding GmbH & Co KG
("solute") have today signed purchase agreements for 14.48 percent of the
shares in solute. The total purchase price for these shares is EUR 3.47
million in cash. The sellers are Sutter Telefonbuchverlag GmbH, .wtv
Württemberger Medien GmbH & Co KG, Rudolf Röser Verlag and
Informationsdienste AG, and Verlag Hans Lück GmbH. The transactions are still
subject to antitrust approval, a board reservation by the sellers, and other
customary closing conditions.
Together with the shares in solute already acquired in October 2023 and
February 2025, which ad pepper announced in ad hoc disclosures and corporate
news dated 2 October 2023 and 24 February 2025, ad pepper will hold a total of
58.86 percent in the target company after implementation of the current
transactions and thus a majority stake. The consolidation of the investment
will take place after completion of the transactions, i.e. probably in the
course of the second quarter of 2025.
In 2024, solute's sales amounted to around EUR 44.7 million with an EBITDA of
EUR 3.9 million. The company is debt-free. ad pepper will pay the purchase
price for the acquisition of the shares from its cash reserves.
In addition, open-ended discussions are still being held with other
shareholders of solute with the aim of possibly increasing the stake to a
qualified majority of 75 percent of the interest in solute.
The transactions are classified as related-party transactions under Dutch
company law.
Contact:
Dr Jens Körner (CEO)
ad pepper media International N.V.
+49 (0) 911 929057-0
ir@adpepper.com
End of Inside Information
24-Apr-2025 CET/CEST The EQS Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
Language: English
Company: ad pepper media International N.V.
Frankenstrasse 146
90461 Nuremberg
Germany
Phone: +49 911 9290570
Fax: +49 911 929057-157
E-mail: ir@adpepper.com
Internet: www.adpeppergroup.com
ISIN: NL0000238145
WKN: 940883
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in
Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 2122930
End of Announcement EQS News Service
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